Thinking of an electric vehicle? 5 of the best car loans this April
Taking out a car loan could be your answer to buying an electric vehicle.
The cost of buying an electric vehicle has often been the blocker for people wanting to make the switch. But particularly over the last 12 months, there's been an increase in the number of affordable vehicles coming on to the market.
For anyone looking at buying a new car, EVs are now a realistic option. In fact, BYD is often touted as being the most affordable EV available in Australia. So it's little surprise it was the third best-selling vehicle make in March 2026.
If you're hoping to invest in your next 4-wheel purchase, here are a selection of our favourite car loans in April to help you.
5 car loans for your new EV
1. SWS Bank 5 Year Variable Interest Vehicle Loan
The SWS Bank 5 Year Variable Interest Vehicle Loan recently won a Finder Award for the being the best new car loan product. It has the highest Finder Score of 9.9.
This loan charges no upfront or ongoing fees as well as no penalty for repaying the loan early. You can borrow between $1,000 and $200,000 for your new vehicle.
Making the switch to an EV?
Take a look at the full range of car loans available for your new wheels.
2. RACQ Bank Green Car Loan
With a specific discount for eco-friendly vehicles, the RACQ Bank Green Car Loan has a Finder Score of 9.7. There are no upfront fees and you can make unlimited additional repayments to pay off your loan as soon as possible.
3. NOW Finance Personal Loan
With NOW Finance you can either take out an unsecured personal loan or a specific car loan and receive a $500 Visa card reward through Finder. NOW Finance offers you fixed interest rates tailored to your credit history, so your assigned personal finance manager can help guide you to the best product for you. Its personal loan options come with no fees and flexible loan terms.
4. Great Southern Bank Green Car Loan
The Great Southern Bank Green Car Loan has a Finder Score of 9.5 and currently also has an offer to waive its $225 establishment fee. It offers personalised interest rates and compared to other car and personal loans it has a lower maximum interest rate.
5. OurMoneyMarket New Car Loan
OurMoneyMarket's New Car Loan offers tailored interest rates, rewarding customers with excellent credit scores with lower interest rates and no establishment fee. You can borrow up to $100,000 with a fixed interest rate.
Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k and must be an Australian citizen or permanent resident.
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